Inventory
When inventory is stolen, or if it is destroyed beyond recognition, our forensic accountants sift through the business records to determine the quantity and values of the lost inventory. If the business records were destroyed along with the inventory, we obtain relevant records from the insured’s bank, the state department of revenue or the IRS. We accurately determine the inventory values by:
- Reviewing previous inventory count records to establish a pre-loss balance.
- Analyzing purchase and sales activity from the date of the last inventory count until the date of the loss.
- Considering inventory lost in the normal course of business to "shrinkage."
- Evaluating the quantity and value of unaffected inventory.
- Accounting for any salvage proceeds.
To learn more, read about our some of our inventory cases.
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Property |
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Business Income |
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Inventory |
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Financial Motive |
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Fidelity |
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Liability |
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Litigation |
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© 2006 Assurance Forensic Accounting CPAs, LLC |
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